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Economy
UK economy shrinks in March
The UK economy shrunk by 0.1% in March as consumers started to feel the bite of rising energy prices and…
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Clothing & Shoes
Hotter Shoes boosts Unbound Group’s Q1
The Unbound Group, which owns a stable of brands aimed at the 55+ demographic, has hailed a strong performance from…
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People Moves
Tesco online lead departs for Google
Tesco’s managing director for online has departed the company in order to take up a similar position at Google’s cloud…
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Economy
Rising cost of living dents April retail sales
Retail sales decreased by 0.3% in April compared with the year prior, marking the first decline in 15 months as…
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Online & Digital
Fruugo revenues surge 57% to £30.7m
Online global marketplace Fruugo has seen its FY21 revenues surge 57% to £30.7m, over 220% on a two-year basis, which…
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Supermarkets
Morrisons secures McColl’s deal saving 16,000 jobs and pensions
Alliance Property Holdings Limited, part of the Morrisons Group, has secured a rescue deal for embattled retailer McColl’s that will…
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High Street
Shop owners to be forced to rent out empty premises
Shop owners in England could be forced to let out premises that have been vacant for over a year, under…
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Clothing & Shoes
Zalando revenues dip despite rise in active customers
Zalando has revealed that its revenues for the period dipped 1.5% YOY to €2.2bn (£1.8bn) as it transitioned to a…
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Supermarkets
30% of Ocado shareholders vote against £100m CEO bonus plan
Almost 30% of Ocado shareholders voted against the company’s remuneration policy that would see its chief executive Tim Steiner receive…
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Clothing & Shoes
Boohoo profits sink 94% to £7.8m
Boohoo has announced its profit before tax sunk 94% to £7.8m in 2022, compared to £124.7m in 2021, according to…
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